Short Interest in iShares Morningstar Growth ETF (NYSEARCA:ILCG) Drops By 71.7%

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 16,147 shares, a drop of 71.7% from the January 29th total of 56,991 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 94,743 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 94,743 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

iShares Morningstar Growth ETF Price Performance

Shares of NYSEARCA:ILCG traded down $1.03 during trading on Friday, hitting $101.02. 154,741 shares of the company’s stock were exchanged, compared to its average volume of 91,181. The business’s 50-day simple moving average is $103.69 and its 200 day simple moving average is $103.48. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16. iShares Morningstar Growth ETF has a 52-week low of $69.47 and a 52-week high of $109.22.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several hedge funds have recently modified their holdings of the stock. Drake & Associates LLC boosted its position in shares of iShares Morningstar Growth ETF by 39.8% during the fourth quarter. Drake & Associates LLC now owns 8,601 shares of the company’s stock worth $895,000 after acquiring an additional 2,449 shares during the last quarter. Corient Private Wealth LLC lifted its stake in iShares Morningstar Growth ETF by 2.5% in the 4th quarter. Corient Private Wealth LLC now owns 125,495 shares of the company’s stock worth $13,056,000 after purchasing an additional 3,046 shares in the last quarter. Plotkin Financial Advisors LLC boosted its holdings in shares of iShares Morningstar Growth ETF by 15.7% during the 4th quarter. Plotkin Financial Advisors LLC now owns 5,715 shares of the company’s stock valued at $595,000 after purchasing an additional 775 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of iShares Morningstar Growth ETF during the 4th quarter valued at about $334,000. Finally, NewEdge Advisors LLC grew its position in shares of iShares Morningstar Growth ETF by 28.6% during the fourth quarter. NewEdge Advisors LLC now owns 18,368 shares of the company’s stock valued at $1,911,000 after purchasing an additional 4,080 shares in the last quarter.

About iShares Morningstar Growth ETF

The iShares Morningstar Growth ETF (ILCG) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of growth stocks, selected from the top 90% of the US market-cap spectrum. ILCG was launched on Jun 28, 2004 and is managed by BlackRock.